₦airaland Forum

omenka:
So we should do what [/b]exactly??

The kind of nonsensical threads one sees on this board sometimes though.

TonySpike:
Where did you get your silly statistics of 70% from? Can you tell us why you feel Christianity is diminishing among Yorubas when facts on ground show otherwise? This story is about a British Nigeria who was radicalised right there in the UK. How does this correlate to what is happening in Yorubaland? You Easterners are just hilarious!

clemzo101:
why will dey leave GEJ alone? Buhari is just bin careful if not Jonathan shld ve bin picked since to answer questions. Jonathan has bin very quiet since all dis, sometimes I wonder if he's still alive, stupid ex president, he's a disgrace to his people especially pdp, how can dey be dealing with ur boys like dis and u cannot even utter a word......his silence shows he's as guilty as bin accused. I'm sure he's fighting for his own head now...,.,,very soon we will see a video of him begging buhari not to send him to jail just the way diya begged with tears at abacha's foot.

Nnadiguyman20:
Source- http://www.punchng.com/buhari-imf-boss-closed-door-meeting/

Davo93:
Confession time...lol

BTW, I don't see this source as credible enough to churn out a news of this nature.

1United1:
Mynd44: Rule 2 and 11

shamack:
and Which country or organization get that kind money...........5BILLION for 365days,,,,,,,,,block brain

shamack:
ode like u.............who go borrow naija 2trillion

porka:
You exhibit a lazy person's attributes.

Lazy people always wish everything crashes to the ground so that everyone would be at the same level with them. It doesn't happen always. Even if that was possible, lazy people won't still be able to do anything with their lives until they are left behind again.

This is the LCCI. They are the employers of labour. They spoke about credit freeze, they are worried about lack of access to forex in the economy. Is it a good thing to you?

What shady business are they doing? Thousands of people won't be returning to their jobs after the holidays due to what the chamber just identified, but according to your jaundiced opinion, they must be into 'shady deals'. Anyone who is successful is doing illegal business in your own estimation, while all the 'poor' people are law abiding.

Don't worry, the price of bread is next.

We'll read your ranting on that too.

Perhaps the bakers are into shady deals too.

gilgal7:
Grammar ni disturbed... E dey pain u go tek shekpe...

tuale4u:
The IPOB guy did not understand the budget. let me help him explain. I work in oil company.

1. The Federal government budget is the Budget of the federal government alone. Not the Budget of the country.
Thus from the Nigeria sharing formula, the Federal government takes about 54% of the total oil revenue accruing to the country (Nigeria Federation).

2. Most of the oil production in Nigeria are JV and PSC. Using the JV template, Nigeria (the federation not Federal govt) only owns 60% of the oil produced and the Oil companies owns the remaining 40% of the oil produced per day .

thus the 2.2 million per day, only 0.6*2.2million=1.32million belong to Nigeria (The federation).

Federal govt share (Potential) = 0.54*1.32million=712,800 per day.

3. The actual average production per day is about 80% of the Potential production
this is because of 20% shutdown for maintenance, unplanned shut downs, pipeline vandalisation etc.

Thus the Federal govt actual average production per day = 0.8*712,800=570,240.

4. Today the average cost of production per barrel in Nigeria is about $18 per barrel.
Actually some onshore field cost are as low as $10 per barrel while some deep offshore and shallow offshore cost are as high as $25 dollar per barrel. Today more than 60% of Nigeria crude are from Offshore. thus using an average cost of $18 per barrel is realistic.

Thus out of the $38 dollar per barrel price of oil, the net revenue to the govt is about $20 per barrel.

thus the expected revenue to federal government from direct sales of Crude oil in 2016 is:

= $20 *199naira/1$ *570240*366*billion/1000000000= 830billion naira


From my estimation the Federal government expected revenue from direct oil sales is about 830billion naira which is very close to 820 billion naira estimated from federal government.


However, this is not all the federal govt get from having oil in this country. The oil companies pay company tax in hunderds of billion of naira.
But the govt choose to call it company tax because other companies that are not oil companies pay tax too. However the company Tax of oil companies is about 85% of their profit. Thus of the about 1.5 trillion naira expected revenue from Company Income Tax (CIT), Value Added Tax (VAT), Customs and Excise duties, and Federation Account levies, about 50% of it are coming from oil companies.

mascot87:
You mean he does not have the right to be in any part of the country? OP, you are sick

myners007:
The Presidency has denied reports on social media that President Muhammadu Buhari received $300,000.00 and up to five armoured sport utility vehicle (SUVs)from the Office of the National Security Adviser in the aftermath of the attack on his convoy in Kaduna last year.
It said what Buhari got was one armoured SUV and one untreated SUV after the attack but were his normal entitlements as a former head of state under the Remuneration of Former Presidents and Heads of State (And other Ancillary Matters) Decree of 1999.
Buhari’s Special Adviser on Media and Publicity, Femi Adesina, in a statement, said the president did not accept a questionable monetary compensation from former president Goodluck Jonathan.
“We unequivocally deny that President Buhari received $300,000.00 or any monetary compensation whatsoever from the Jonathan Presidency or any of its officials, in the aftermath of that attack, or at any other time since then.
“While it is true that one armoured SUV and one untreated SUV were sent to the president in the aftermath of the attack, the vehicles were in keeping with his entitlements as a former head of state under the Remuneration of Former Presidents and Heads of State (And other Ancillary Matters) Decree of 1999.
Section 3, Sub Section 1 of that Decree provides that three vehicles will be provided for former heads of state and replaced every four years.
“There was, therefore, nothing untoward, illegal or tending to corruption in former head of state Buhari and presidential aspirant, as he then was receiving vehicles, to which he was statutorily entitled, from the Federal Government of Nigeria.
“President Buhari had, in keeping with his austere, spartan and frugal disposition, shunned most of his entitlements as a former head of state, but was prevailed upon by his supporters to accept the two vehicles for his personal safety in the aftermath of the dastardly attempt to assassinate him.
“It is preposterous to think that the president will allow his acclaimed reputation of honesty and incorruptibility to be tarnished by accepting a questionable monetary compensation from a discredited regime.”

http://sunnewsonline.com/new/buhari-got-2-suvs-from-jonathan-after-violent-attack-presidency/

#BuhariGate

papparatzzi2013:
Does the constitution stipulate the part of FG that must fulfil the obligations as stated in the constitution?

Is NSA not part of FG?

Do you know that NSA is the sole approving body of every single bulletproof car in the country?